Hong Kong-based cryptocurrency trading and technology specialist Amber Group has appointed a former Morgan Stanley executive to lead its business in the Americas region.
Amber Group has appointed Jeffrey Wang as managing director and head of Americas, responsible for the firm’s trading business operations in North America and expanding its client coverage and trading efforts.
Wang previously served as an executive director at Morgan Stanley, and head of FX spot and derivatives trading in Asia, where he managed a team of 11 traders and oversaw trading in spot, vanilla and exotic options in G10 and emerging market currencies.
Prior to that, Wang spent more than five years at HSBC Global Markets, in various roles including primary market maker and risk-taker for G10 exotic options. According to Bloomberg which first reported the new hire, Wang departed Morgan Stanley three years ago to take time off.
“Jeffrey has extraordinary trading and managerial experience,” said Michael Wu, director and chief executive of Amber Group. “The depth and breadth of our new hires reflect our philosophy that building a category-defining client servicing business requires an integrated and focused approach, informed by significant hands-on experience in management and strategy.”
Wang joins multiple former Morgan Stanley trading executives who have joined Amber Group in recent years. The firm was founded in 2015 by several former Morgan Stanley FX, fixed income and derivatives traders, including now-CEO Wu, Tiantian Kullander, Wayne Huo, Tony He, Thomas Zhu and Luke Li.
Benjamin Falloon, who was previously head of Asia fixed income, currencies and commodities sales and trading at Morgan Stanley, also acts as an advisor for Amber Group.